When coming to sunny Georgia for a long vacation or permanent residence, it is better to take care of opening a personal bank account in advance, which may be needed to store savings or receive wages. Many foreigners are attracted to the banking sector because unaccountable data exchange is prohibited in it, so depositors see this as a unique opportunity to protect and increase their assets.

Even if you come to Georgia for just a couple of days, it is necessary to get acquainted with the information about a reliable bank in Georgia. After all, you will have to withdraw money from a bank card and exchange currency.

Today there are 15 commercial banks operating in Georgia

Among financial institutions, there are two largest institutions - Bank Of Georgia and TBC Bank. The banking sector of these two leaders accounts for more than 70%, and they also serve more than 80% of the local population. In addition to these two banks, there are other organizations that it is desirable for every tourist to know, especially one of them is already familiar to many residents of Russia and the CIS -VTB Bank is closed

Founded in the early twentieth century, Bank Of Georgia is one of the oldest banking institutions in Georgia, which indicates its stability. For several years, the bank has received awards from well-known international magazines, including the title of “The Most Reliable Bank".

At the moment, the number of the bank's clients exceeds 2.3 million people, and the branches and branches of the institution are located not only throughout Georgia, but also in Ukraine and Belarus. The Bank offers high-quality financial services and products to both individuals and legal entities. Among the banking products can be distinguished lending, opening an individual account, deposit and lending.

The Bank Of Georgia Bank has many advantages for customers, among which the possibilities of managing banking products around the clock using a mobile application, Internet banking, SMS or phone stand out. You can open a bank account in just 5 working days, but you will have to translate the documents into Georgian, or at least English, and then notarize them.

The strength and main difference of Bank Of Georgia from other institutions is cooperation with an international provider of high-class credit cards - American Express. This way you will be able to issue a credit card with an exclusive participation offer.

The second leader of the banking system in Georgia is TBC Bank. Initially, the bank was called as “Tbilisi Business Centre”, its history dates back only 24 years. However, during this time, its products and services have reached such a level that for the last three years in a row, TBC online banking has been recognized as the best in Central and Eastern Europe.

TBC Bank differs from other organizations by a wide range of remote banking products. With the help of online banking, it is possible to arrange insurance, take out a loan for various purposes, open a deposit, personal or corporate account.

The advantage of contacting TBC Bank branches is the absence of a minimum deposit account opening size, as well as the ability to transfer funds by several high-quality international systems at once. The round-the-clock support service is also highlighted, which will help you solve any issue.

People's Bank of Georgia - this is the name Liberty Bank used to have, whose services and products are most of all aimed at satisfying the desires and needs of customers. An interesting feature and difference of this institution from other banks is the obligation to charge and pay pensions and social benefits to citizens of Georgia. However, if you want to open a bank account in this institution, then first you need to prepare documents for a residence permit in Georgia.

Liberty Bank Branches They are located all over the country, namely more than 350 branches and 500 ATMs on the territory of Georgia, in each of which the bank's client can receive high-quality financial services. The bank's employees treat their customers in a special way, many people note benevolence, friendliness and a desire to help in a difficult situation.

In addition to servicing pension payments, Liberty Bank also offers a wide range of standard financial products, including lending and insurance. In addition, a high level of online banking, telephone and SMS banking services can be distinguished.

Have you already applied to banks Bank Of Georgia, TBC, Liberty or other institutions for currency exchange in Georgia, opening a deposit?

Be sure to describe your experience in the comments!